Oracle Corp. Reveals 12% Decline In Q2 Profit

(RTTNews) - Oracle Corp. (ORCL) reported a profit for second quarter that decreased from last year.

The company said its earnings fell to $2.74 billion, or $0.63 per share. This was down from $3.12 billion, or $0.69 per share, in last year's second quarter.

Analysts had expected the company to earn $0.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.3% to $9.00 billion. This was down from $9.61 billion last year.

Oracle Corp. earnings at a glance:

-Earnings (Q2): $2.74 Bln. vs. $3.12 Bln. last year. -Earnings Decline (Y-o-Y): -12.2% -EPS (Q2): $0.63 vs. $0.69 last year. -EPS Decline (Y-o-Y): -8.7% -Analysts Estimate: $0.60 -Revenue (Q2): $9.00 Bln vs. $9.61 Bln last year. -Revenue Change (Y-o-Y): -6.3%